i'm assuming by that video that by "guitars" you mean electric guitars. correct?

what's your budget?
Well, if you're just looking to record guitar and vocals, get a Line 6 UX2 and an AT2020. Its about $300 but you'll get Pod Farm which is a good amp sim and the AT2020 is a good condenser mic for vocals. You aren't going to need the pre since the UX2 takes care of it and you wont need the SM57 since you won't be micing an amp. I suggest using Pod Farm over micing an amp when starting out recording.

Unless you want to spend all $1200 then we can have some real fun.
Derpy Derp Derp Herp Derp
I really don't care about money,I have good job so money isn't a problem.